Employers dangle hefty bonuses to retain elusive high achievers

Only 11% of bonuses are guaranteed.

Singaporean employers will use hefty bonuses to keep high-achieving employees in their grasp, a report by Hays revealed.

A survey by Hays found that 54%of employers in Singapore will increase salaries by a moderate 3 to 6%. But 51% of employers across Asia will award bonuses to more than 50% of their staff this year.

In 80% of cases these bonuses are related to employee performance, while 73% of bonuses are related to employer performance.

This shows that employers are using performance-related bonuses to ensure they only reward employees who are achieving results.

Only 11% of employers said bonuses are guaranteed, while 4% said they are related to hours billed.